A VIP system is a reward system designed by a poker site to reward its players. Players are encouraged to play more in order to reach the next level (for example from Silver to Gold). It is always set to reward players more when they play more.
Rakeback is a fixed amount agreed upon before you start playing. If you have a 40% Rakeback deal, you will get 40% of your Rakeback no matter what.
Pros and Cons:
VIP systems usually reward players with less money. Rakeback deals are more transparent and easy to understand.
However, sites that offer high Rakeback % also attract more professional players, which makes the games on that specific site tougher.
Every site is different so if you need advice from experienced players which site is best for you, contact our VIP managers.